Business
Telstra chair calls for simpler pay model after execs lose $750k in bonuses – Sydney Morning Herald
Telstra chairman John Mullen has called for a simpler executive pay model after several key leaders missed out on $758,000 worth of incentives last financial ye…
“This is a discussion for another day but it would greatly simplify the whole executive remuneration debate.”
Mr Mullen said key executives had missed out on their incentive outcomes for underlying earnings because of reduced revenues, decisions to defer redundancies and the introduction of packages to assist customers who were struggling because of the pandemic. Challenges with international call centres related to social distancing restrictions also reduced customer experience, which led to m…
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